Indian businessman swindled Rs. 5 million and fled from Baitadi

Dhangadhi: It has been revealed that an Indian citizen in Baitadi fled after swindling more than Rs. 50 lakhs. The traders, who have been doing business in Baitadi for about 15 years, have been absconding for a year.

The cotton company is being auctioned in India and he took out a loan of Rs. 50 lakhs from the people of Baitadi four years ago saying that he would buy it. He has not returned the money to anyone. Gulfam operated a salon, make-up, toy, circus and mobile shop in Baitadi. Gulfam has taken up to Rs. 21 lakhs from one person. Director of Unique Sewing Center Gothalapani Dinesh Sinal said that he had swindled Rs. 5 lakhs. Sinal says that he has paid only Rs. 4 lakhs interest to the bank out of Rs. 5 lakh, but he has not been able to raise his money.

While living in Baitadi, Gulfam used to gamble and play cards. He was married to a girl from Baitadi. Both are absconding now. Spokesperson of the District Police Office, Baitadi, Lokraj Joshi said that only verbal information was received by the police. According to the locals, Indian traders used to supply drugs by hiding them in circus cotton.